Opportunities at ABSA Bank Limited Tanzania

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About Us

Truly African
We are a diversified standalone African financial services group, delivering an integrated set of products and services across personal and business banking, corporate and investment banking, wealth, investment management and insurance.

Absa Group Limited is listed on the JSE and is one of Africa’s largest diversified financial services groups with a presence in 12 countries across the continent and around 41 000 employees.
Absa Group Limited is listed on the JSE and is one of Africa’s largest diversified financial services groups with a presence in 12 countries across the continent and around 41 000 employees
We own majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, the Seychelles, South Africa, Tanzania (ABSA Bank in Tanzania and National Bank of Commerce), Uganda and Zambia. We also have representative offices in Namibia and Nigeria, as well as insurance operations in Botswana, Kenya, Mozambique, South Africa, Tanzania and Zambia.

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Head of Sourcing
Position: Head of Sourcing
job requisition id R-15940565
Location: Absa House - ABTBring your possibility to life! Define your career with us
With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

My Career Development Portal: Wherever you are in your career, we are here for you. Design your future. Discover leading-edge guidance, tools and support to unlock your potential. You are Absa. You are possibility.

Job Summary
  • Lead sourcing and supply chain activity at a Country level for the development and execution of commercial solutions and 3rd party risk management targeted to realising significant value for the country.
  • Work with senior business and Regional Sourcing representatives to ensure that business objectives are understood and driving alignment of Strategic Sourcing objectives
  • To manage the dependencies between Sourcing and relevant business areas to ensure effective implementation of sourcing initiatives (category strategies, Risk & Controls Framework and Savings Delivery)
  • Creating and leading a team of highly motivated and capable professionals who have skill sets to work in-country within a defined market sector and category
  • Prioritize strategic sourcing activities in conjunction with regional sourcing teams and business stakeholders
  • Ensure that group strategies are delivered with appropriate levels of execution at the local level
  • Ensure that sourcing synergies are leveraged across the Region to the benefit of the country locally
  • Ensure that appropriate governance & risk management models are deployed locally in line with the Absa Sourcing Control & Risk Framework

Job Description
30% Commercial Accountabilities
  • Represent Sourcing team at senior business level, working in conjunction with country leadership team to gain support for sourcing recommendations and more broadly act as a trusted commercial adviser.
  • Embed processes and governance, which exploit commercial synergies and risk management including the need for collegiate working across Central Sourcing
  • Provide senior level input to the negotiations with suppliers and chosen service providers, where required
  • Co-ordinate and deliver the in-country cost saving Sourcing targets
  • Oversee the application of sourcing and supplier management governance at all levels of the business
  • Understanding of business objectives and strategies
  • Lead the development of robust benefits recording, cluster MI, and target market analysis to support the realization of significant value from Sourcing activity
  • Lead the in-country sourcing team by developing objectives and coach through delivery
30% Leadership and Management Accountabilities
  • Support Regional Category teams in establishing and deploying the category initiatives at a local level.
  • Lead, manage and develop direct reports to achieve high performance. Agree challenging performance and development objectives providing regular feedback and coaching to ensure performance is maximized and differentiated.
  • Provide clarity of direction and focus to team members and demonstrate appropriate leadership and management disciplines and behaviors to achieve Business goals.
  • Manage team performance, undertaking regular individual reviews to reflect achievements against targets/ behavior and agree the way forward including training and development.
  • Ensure Personal Development Plans are complete, training plans executed, and that training effectiveness is monitored on an ongoing basis.
  • Provide active leadership and support across wider commercial community within the Bank to enable effective team performance.
  • Support and contribute to team building and team dynamics through personally demonstrating leadership and team attributes.
  • Champion new ways of working with own team and wider community, ensuring new ways of working and cultural changes are embedded.
  • Develop clear stakeholder maps and effective governance matrix (responsibility / accountability).
  • Develop prioritized sourcing activity schedule with strategic sourcing.
  • Develop clear understanding of cost: income ration dynamics across E2E value streams.
  • Ensure cluster adherence to Group Sourcing Framework (SSMP).
  • Consolidate cluster reporting on Compliance, Risk and Financial Performance.
  • Own, communicate, cascade and follow-up of sourcing performance scorecard across cluster.
  • Establish appropriate policies e.g. Demand Management, Travel etc.

25% Deliver service excellence to our clients
  • All queries received are processed and any pending queries are escalated to the line manager with reason for not being able to accomplish.
  • Ensure supplier complains are handled according to laid down procedures on complaint handling.
  • Eliminate stakeholder’s complaint on slow responsiveness of sourcing
  • Sensitize the business and functions on the sourcing process
  • Emphasize and attend supplier performance review meetings scheduled on monthly and quarterly basis
  • improvement of customer satisfaction survey by 10%
  • 100 % projects completed on time
  • Work closely with procurement hub in all the deals that has been assigned to hub
  • Work closely with supplier managers to receive the Supplier management outputs, such as vendor’s performance, business requirements, and supplier meeting minutes.
  • Support and work as team with supplier relationship managers and all other business stakeholders in carrying out the sourcing activity to close all gaps in suppliers’ documents files.
  • Ensure all records for each engagement are recorded in supplier soft and hard copy files.

15% Staff Management
  • Ensure implementation of PDs (including PD plans) for all team members
  • Help team members to identify strengths and weaknesses in their own skills and attributes, through regular review and feedback
  • Review employees’ self- development plans and ensure training and development needs are accommodated
  • Facilitate career growth for employees within the teams and provide necessary exposure
  • Pro-actively manage staff performance
  • Assist staff to meet Absa Behaviors standards

Risk and Control Objective
  • Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Absa Operational Risk Framework and internal Absa Policies and Standards.
  • Manage risk and control effectively by applying applicable risk frameworks and embedding a positive risk culture
  • Understanding of own role in the end to end processes in which you play a part, including applicable risks and controls.
  • Adhere to Absa’s policies and procedures applicable to own role, demonstrating sound judgment and responsible risk management.
  • Report all risk events / incidents / issues using the defined process for your business area and help to understand why these happened and how to prevent them in future.
  • Proactively look for ways to improve the control environment by considering what could go wrong in the processes you operate and how errors could be prevented.
  • Continuous and proactive engagement with regulatory bodies, unions where applicable
  • All mandatory training completed to deadline.

Technical skills / Competencies
  • People and Capability
  • Relationship/ Partnership Approach
  • Vision and direction
  • Communication/ Influence
  • Customer/ Market Perspective
  • Innovation and Change

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Knowledge, Expertise and Experience
Essential
  • Good knowledge of appropriate commercial models and approaches/techniques necessary to achieve best in class deals
  • Good commercial contractual knowledge e.g., contract law, service level creation.
  • Multi disciplinary team facilitation and leadership.
  • Ability to develop innovative local sourcing strategies to maximize value and execute best in class deals.
  • Analytical and financial understanding of service cost models and lifetime cost of acquisition.
  • Supplier communications and management to achieve leading commercial solutions.
  • Good contract negotiation skills to tackle escalated issues with key suppliers at Executive and Board level and develop win-win situations.
  • Strong networking/stakeholder management skills at senior levels.
  • Mentoring/team coaching and development skills.A sound understanding of the principles and application of risk management (in terms of sourced solutions) and commercial project management skills.
  • Sound knowledge of Bank financial approval processes including business case preparation, case presentation to Governance committee and all relevant intermediary steering groups.
  • Broad range of experience across non-technology categories.
Preferred
  • Blue Chip relevant global expertise

Absa Values
Absa’s Values and Behaviors represent the set of standards which governs the actions of all of us who work for the bank and against which the performance of every one of us in Absa are being assessed and rewarded:
  • I drive high performance to achieve sustainable results
  • I’m obsessed with customer
  • I have an African heartbeat
  • I believe our people are our strengths
Education
  • Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)
Model, Analytics and Impairment Manager
Position: Model, Analytics and Impairment Manager
job requisition id R-15940558
Location: Absa House - ABTBring your possibility to life! Define your career with us
With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

My Career Development Portal: Wherever you are in your career, we are here for you. Design your future. Discover leading-edge guidance, tools and support to unlock your potential. You are Absa. You are possibility.

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Job Summary
To operate as a member of a team of MI Analysts, but with specific responsibility for:
• Management information, including production of internal and external periodic returns, data completeness and integrity.
Analyse cards & Loans portfolio Performance and Liability accounts and identify any underlying risk segments.
• Assist to drive the performance of Collections & Recoveries through relevant, complete and timely management information to support assessment of performance and effectiveness.
• Perform any other responsibilities that may be assigned by the team leadership.

Job Description
Portfolio Monitoring & Reporting: 80%
  • Produce complete, relevant and timely portfolio MI - Ensure Business MI requirements are approved and data provided on a regular basis to senior management.
  • Ensure regular monitoring of actual performance of all new products, propositions, processes and channels involving credit risk such that significant performance variance, compared with prior expectations are identified and addressed through management actions in a timely manner.
  • Ensure MI reported to Group is consistent using defined metric definitions. For local MI ensure clear understanding of definitions and metrics used.
  • Prepare key MI presentations to senior management and make recommendations based on identified trends.
  • Assist in the design and improvement of spreadsheets and databases for use within the team.
  • Ensure robust assessment of performance of Collections & Recoveries, supported by relevant, complete and timely management information.
  • Support the growth of business by creating best leads for top-up and X-sell campaigns, line increase, authorization & renewal strategies
Retail Impairment: 10%
  • Calculate Impairment requirements & ensure appropriate approvals are obtained for impairment stock and charge figures
  • Ensure business is provided with reliable analytics to allow risk-based collections & recoveries strategies to improve PD & LGD rates. (optimal cure rates/cash collected and, where appropriate, including the use of scorecards)
  • Regularly calculate reasonable Collections target bucket balances & recoveries required to meet STP stretch target and monitor performance against targets.

Controls: 10%
  • Ensure adherence to standards on Retention, Security and Confidentiality & Recovery of risk data as per Group policies.
  • Ensure data quality processes are embedded into Business as Usual (BAU) activity.
  • Ensure Accuracy of the financial inputs to the impairments models and accuracy of the impairment figures in the financials.

Risk & Control Objective
  • Manage risk and control effectively by applying applicable risk frameworks and embedding a positive risk culture
  • Understanding of own role in the end-to-end processes in which you play a part, including applicable risks and controls.
  • Adhere to Barclay’s policies and procedures applicable to own role, demonstrating sound judgement and responsible risk management.
  • Report all risk events / incidents / issues using the defined process for your business area and help to understand why these happened and how to prevent them in future. Proactively look for ways to improve the control environment by considering what could go wrong in the processes you operate and how errors could be prevented.
  • All mandatory training completed to deadline

Technical skills / Competencies
  • Good knowledge of the Bank’s systems and various sources of data
  • Some knowledge of credit analysis & statistical analysis techniques.
Personal Attributes & Skills required for the role:
  • Managing relationships.
  • Personal Organisation.
  • Information gathering.Communication skills.
  • Numeracy skills.
  • Analytical skills.

Absa Values
Absa’s Values and Behaviors represent the set of standards which governs the actions of all of us who work for the bank and against which the performance of every one of us in Absa are being assessed and rewarded:
  • I drive high performance to achieve sustainable results
  • I’m obsessed with customer
  • I have an African heartbeat
  • I believe our people are our strengths

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Education
  • Bachelor`s Degrees and Advanced Diplomas: Physical, Mathematical, Computer and Life Sciences (Required)
 
 
 Business Assurance Manager
Position: Business Assurance Manager
job requisition id R-15940529
Location: Absa House - ABTBring your possibility to life! Define your career with us
With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

My Career Development Portal: Wherever you are in your career, we are here for you. Design your future. Discover leading-edge guidance, tools and support to unlock your potential. You are Absa. You are possibility.

Job Summary
• Responsible in providing management with the assurance that the entire credit life cycle activities are being conducted in line with Group/Country policies. The business assurance manager is also expected to review the adequacy and effectiveness of the existing controls within Whole sale and retail credit risk department(MI, Data quality, Impairment, Analytics,Modelling,Policy and Governance) and credit operation divisions(Origination, Account management, collection and recoveries/Business support and recovery).
• Responsible for driving the review process of the country retail and corporate lending CPAs.
• Ensure that all CPAs ineffective controls and non-compliant actions are closed within set timelines.
• Monitor adherence to the group policies and ensure dispensation and waivers and breaches are raised where applicable.
• Identify report and monitor operational risk events, which have a credit risk impact.
• Complete all governance and group credit attestation and submission to center on a regular basis
• Ensure that all business review, internal audit, Operation risk, Finance,COO, Management assurance, central bank observations pertaining to credit risk are closed.
• Represent the country in monthly Governance and assurance forum
• Represent the country in the monthly PQR forum.
• Review and submit all audit closure packs.
• Engaging key stakeholders such as internal auditors, Compliance, Risk, Management assurance, center governance teams is a core requirement.
• Creating and managing control environment dashboard.
 Responsible for ensuring sampling tests and key risk assessment methodology is embedded and carried out on a regular basis.
• Responsible for ensuring business mandates are adhered to

Job Description
  • Responsible in providing management with the assurance that the entire credit life cycle activities are being conducted in line with Group/Country policies. The business assurance manager is also expected to review the adequacy and effectiveness of the existing controls within Whole sale and retail credit risk department(MI, Data quality, Impairment, Analytics ,Modelling, Policy and Governance) and credit operation divisions(Origination, Account management, collection and recoveries/Business support and recovery).
  • Responsible for driving the review process of the country retail and corporate lending CPAs.
  • Ensure that all CPAs ineffective controls and non-compliant actions are closed within set timelines.
  • Monitor adherence to the group policies and ensure dispensation and waivers and breaches are raised where applicable.
  • Identify report and monitor operational risk events, which have a credit risk impact.
  • Complete all governance and group credit attestation and submission to center on a regular basis
  • Ensure that all business review, internal audit, Operation risk, Finance, COO, Management assurance, central bank observations pertaining to credit risk are closed.
  • Represent the country in monthly Governance and assurance forum
  • Represent the country in the monthly PQR forum.
  • Review and submit all audit closure packs.
  • Engaging key stakeholders such as internal auditors, Compliance, Risk, Management assurance, center governance teams is a core requirement.
  • Creating and managing control environment dashboard.
  • Responsible for ensuring sampling tests and key risk assessment methodology is embedded and carried out on a regular basis.
  • Responsible for ensuring business mandates are adhered to

Read Also:

Absa Values
Absa’s Values and Behaviors represent the set of standards which governs the actions of all of us who work for the bank and against which the performance of every one of us in Absa are being assessed and rewarded:
  • I drive high performance to achieve sustainable results
  • I’m obsessed with customer
  • I have an African heartbeat
  • I believe our people are our strengths
Education
  • Higher Diplomas: Business, Commerce and Management Studies (Required)
Deadline: 2022-10-25

 

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